What was the primary purpose of the Sarbanes-Oxley Act of 2002?
Deregulate Energy Markets
Increase Corporate Taxes
Protect Whistleblowers
Improve Corporate Accountability
Answer
The Sarbanes-Oxley Act of 2002 was enacted in response to the Enron scandal and other corporate fraud cases. Its primary purpose was to improve corporate accountability by strengthening financial reporting requirements and increasing penalties for fraudulent activities.
The Rise and Fall of Enron: How Much Do You Know?
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